Netflix is a provider of on-demand streaming movies founded by Marc Randolph and Reed Hastings in 1997 in Scotts Valley, California.
The idea of setting up a video rental website like Netflix came to Hastings when he had to pay a fine of $40 for the late return of 'Apollo XIII'.
Steve Hastings started his first company, Pure Software, in 1991. It was a company that sold products for troubleshoot software.